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Showing posts from April, 2023

According To FMI, Market For Process Automation And Instrumentation Is Expected To Grow Rapidly Through 2027 And Reach US$ 174,121 Million

Growth of  Process Automation and Instrumentation Market  is Playing Key Role for Semiconductor Manufacturer and Software Vendors Process automation involves using software, hardware, and computing technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently. The information is stored and analyzed on a computer with the help of sensors, which collect data on flows, pressures, and temperatures, among other devices. Collaboration among semiconductor component manufacturers, industrial software developers, and industrial automation equipment manufacturers is essential for the growth of the overall process automation and instrumentation market. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-5075 Future Market Insights (FMI) has recently published a report titled “Process Automation and Instrumentation Market – Global Industry Analysis 2012 – 2016 and Opportunit

Hydrogen Electrolyzer Market To Grow At 24.2% CAGR Through 2032 As Demand For Green Energy Increases - Future Market Insights, Inc.

The global  hydrogen electrolyzer market  is expected to grow at a CAGR of  24.2%  over the forecast period of 2022 to 2032. The market valuation is set to reach  US$ 3.7 Billion  by the end of 2032. Rising demand for hydrogen gas across various end-use sectors is estimated to drive growth in the hydrogen electrolyzer market during the forthcoming years. Development of new technologies to reduce the operational cost of hydrogen electrolyzers is anticipated to fuel the market. Moreover, rising awareness about the harmful effects of carbon emissions worldwide are set to create new growth opportunities in the market. Higher adoption of renewable energy sources and increasing onsite hydrogen production are set to boost the demand for hydrogen electrolyzers in the upcoming decade. Apart from that, surging demand for carbon-free steel in various industries such as automotive is projected to create new growth opportunities in the steel manufacturing sector. Request a Sample PDF  Of The 

Variable Frequency Drive Market In North America Is Expected To Be Valued At US$ 5056.2 Million By 2032

A variable frequency drive (better known as VFD), could be described as a kind of motor controller driving an electric motor by varying voltage and frequency supplied to electric motor.  North America Variable Frequency Drive Market  stands at 4.77 Billion as of now and is expected to be worth US$ 5.06 Bn by the year 2032 at a CAGR of 6% from 2022 to 2032. North America is known for being more into machines and less into human labor. Variable frequency drives help in smooth sailing with respect to dependence on these machines. They, in fact, help verticals in manufacturing more products with minimal wastage. It has been reported that these drives reduce downtime by increasing machine productivity, machines’ efficiency, and quality of production. The other terms to refer to VFD include adjustable speed drive, variable speed drive, AC drive, adjustable frequency drive, inverter, and Microdrive. The three different kinds of VFDs are fluid drives, electric drives, and mechanical drives

Variable Frequency Drive Market In North America Is Expected To Be Valued At US$ 5056.2 Million By 2032

A variable frequency drive (better known as VFD), could be described as a kind of motor controller driving an electric motor by varying voltage and frequency supplied to electric motor.  North America Variable Frequency Drive Market  stands at 4.77 Billion as of now and is expected to be worth US$ 5.06 Billion by the year 2032 at a CAGR of 6% from 2022 to 2032. North America is known for being more into machines and less into human labor. Variable frequency drives help in smooth sailing with respect to dependence on these machines. They, in fact, help verticals in manufacturing more products with minimal wastage. It has been reported that these drives reduce downtime by increasing machine productivity, machines’ efficiency, and quality of production. The other terms to refer to VFD include adjustable speed drive, variable speed drive, AC drive, adjustable frequency drive, inverter, and Microdrive. The three different kinds of VFDs are fluid drives, electric drives, and mechanical d

International Bulk Terminals Is Anticipated To Grow Steadily Through 2030, According To FMI.

Bulk terminals  are crucial components of the industrial infrastructure because they guarantee the efficient and safe transportation of vital resources. Despite the COVID-19 pandemic’s current declines in seaborne trade, the world’s minor bulk trade has grown significantly. According to Future Market Insights (FMI) analysts, the amount of minor bulk traded globally has increased to 1.74 billion tonnes. Bulk Terminals Market is anticipated to grow at stable CAGR during 2020-2030, Such an expected rise in demand for petroleum products and crude oil is influencing market players to center their focus on liquid bulk terminals. According to an FMI report, the production of steel and forest products accounted for 43% of minor bulk trade. Additionally, metals and minerals have taken up about 37% of minor bulk trade, followed by agricultural products at 20%. Agricultural yield is majorly concentrated on countries such as the US, Argentina, Brazil, China, and India, which accounts for over

International Bulk Terminals Is Anticipated To Grow Steadily Through 2030, According To FMI.

Bulk terminals  are crucial components of the industrial infrastructure because they guarantee the efficient and safe transportation of vital resources. Despite the COVID-19 pandemic’s current declines in seaborne trade, the world’s minor bulk trade has grown significantly. According to Future Market Insights (FMI) analysts, the amount of minor bulk traded globally has increased to 1.74 billion tonnes. Bulk Terminals Market is anticipated to grow at stable CAGR during 2020-2030, Such an expected rise in demand for petroleum products and crude oil is influencing market players to center their focus on liquid bulk terminals. According to an FMI report, the production of steel and forest products accounted for 43% of minor bulk trade. Additionally, metals and minerals have taken up about 37% of minor bulk trade, followed by agricultural products at 20%. Agricultural yield is majorly concentrated on countries such as the US, Argentina, Brazil, China, and India, which accounts for over

Healthcare Industry to have Lion's share in the Barcode Printers Market, reaching US$ 8.55 Billion at a CAGR of 7.4% by 2032

The global  barcode printers market  stands at US$ 4.18 Billion as of now and is expected to be worth US$ 8.55 Billion by 2032 at a CAGR of 7.4% between 2022 and 2032. Barcodes do enable retailers to keep a tab on automation of product re-ordering, inventory, comparison of sales of analogous products of private labels vs national brands, product attribute references like size, color, and likewise. Personalized targeted promotions are based on the purchasing habits of customers. The formats most widely accepted for retail barcodes include EAN-13 (International Article Number) and Universal Product Code (UPC-A). GS1 makes way for unique 12-digit UPC or EAN company identification number to be entered into UPC-A/EAN-12 barcode on product's label. Desktop printers, mobile printers, and industrial printers are the three major kinds of products in barcode printers market. They are used by the participants' sales workforce to print receipts, tickets, labels, that too, irrespective

Power Tools Industry Will Drive Growth By 5.1% CAGR End Of 2031: FMI

The global  power tools market  is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis the global power tools market is expected to be reach US$ 33.36 Billion in 2021. The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market. Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-760 Key Takeaways of Global Power tool Market Study Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3% Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031. U.S. is expe

Benelux Power Tools Market is Expected to Grow at a Healthy CAGR of 3.9 Percent By 2026, According to FMI

With 10 million units expected to be shipped in 2016, up from  9.8 million units  in 2015 and a y-o-y growth rate of 2 .5 percent , power tools are still in high demand in the Benelux region. In 2015, the  Adoption of Benelux Power Tools Market  was estimated to be worth  US$ 826.4 million , and in 2016, it is anticipated to be worth  US$ 859.1 million. Power tool sales growth in Benelux is influenced by a number of macroeconomic and non-economic variables, including rising housing sector investments in Benelux, rising automotive sales, rising consumer confidence index, emergence of long-lasting and reasonably priced multi-functional power tools, and expanding online retail sales. Because of mode of operation, electric power tools will continue to remain the highest selling power tools, with 5.8 million units expected to be shipped in 2016, up from 5.7 million units in 2015. On the other hand, pneumatic power tools, also known as air tools, will continue to gain popularity among DI

Variable Frequency Drives Sales Set to Recover in 2021 as Regenerative Applications Complement Traditional Demand Channels: FMI

Variable frequency drives  demand is set to grow at over 4% in 2021, with growing emphasis on heating, ventilation and air conditioning (HVAC) systems and automotive pumps which are expected to generate substantial growth opportunities. The projections are based on the latest edition by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Billion as of 2019. To remain ‘ahead’ of your competitors, request for a sample @   https://www.futuremarketinsights.com/reports/sample/rep-gb-140  Prolific growth opportunities exist in the Chinese market, owing

Telecom Tower Power System Market Worth Is Expected To Reach US$ 6.7 Billlion By 2031, Future Market Insights Inc.

The  telecom tower power system market  is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031. According to Future Market Insights, increased demand for telecom tower power systems has resulted from the expansion of telecom infrastructure facilities to cover rural and other remote areas. Rapid technological advancements in manufacturing are also expected to supplement market growth in the near future. Despite the COVID-19 pandemic’s recessionary effect in 2020, the telecommunications industry has remained unaffected in terms of essential service sector. With the ongoing demand for high energy efficient solutions, the growth of telecom tower power systems is expected to continue on an upward trend for the foreseeable future. Request Sample @ https://www.futuremarketinsights.c

Lead Acid Battery Market to expand at over 5.2% CAGR between 2022 and 2032

The global sales of lead acid battery are set to be valued at over US$ 54.3 Billion in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report has forecast the market to expand at over 5.2% CAGR between 2022 and 2032. According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing  demand for lead acid battery Market . Rapid technological advancements in production technologies are also projected to complement market growth over the coming years. Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement. For more insights into the Market, Request a Sample of this Report@   https://www.futuremarketinsights.com/reports/sample/rep-gb-54 The growing requirement has led to

Trash Rack Cleaning Machine Market Is Forecasted To Be Estimated At US$ 408.5 Mn By 2032, Future Market Insights Inc.

The global  trash rack cleaning machine market  is forecasted to be estimated at  US$ 408.5 Mn by 2032 , up from US$ 286.8 Mn in 2022, advancing at a CAGR of 3.6%, during the forecast period. Trash rack cleaning machines (TRCM) are intended to remove logs, trash, debris (trunks, branches, grass, leaves, etc.) accumulated at the trash racks, which restrict the flow of water. Trash rack cleaning machines are precisely designed in order to remove all kind of debris, maintain water flow, provide optimum environmental compatibility and minimise head losses. These machines find applications in hydro and thermal power plants where the constant flow of water towards turbines is of prime concern. There is an increase in the demand for electricity from industrial, commercial and residential sectors, owing to which the governments of several countries have taken initiatives to increase capacity and restructure existing power stations to improve efficiency. Request Sample @  https://www.fut

By 2032, The Market For Combi Boilers Is Expected To Reach $40.17 Billion USD, According To FMI

During the forecast period of 2022 to 2032, the  global market for combi boilers  is anticipated to grow steadily at a  CAGR of 5.2 percent.  The market is anticipated to grow and reach a global market valuation of  US$24.2 billion  in 2022. The market for combi boilers is anticipated to grow to  US$ 40.17 billion  by 2032, taking into account the expanding demand on the global market. A combination or ‘combi’ boiler is a compact appliance that combines a high-efficiency water heater and a heating boiler system. Combi boiler systems also necessitate less plumbing, lowering initial costs and the likelihood of a leaking pipe. Combi boilers are preferred by around 72% of UK homeowners over traditional boilers because of their efficiency and compact form. Combi boilers are connected to the mains water supply and offer on-demand hot water. The market for combi boilers is expected to grow due to rising urbanization. Furthermore, population growth in the developing regions is rapid, with

Surge Tanks Market is estimated to reach a net worth of US$ 2.9 Billion by 2032: FMI

From 2022 to 2032, the  market for surge tanks  is anticipated to grow at a  CAGR of 4.2 percent . Surge tank market share is anticipated to increase during this projection period, rising from its current valuation of  US$ 1.9 Billion in 2022  to a net worth of  US$ 2.9 Billion by 2032. A surge tank is a storage tank or vessel made from stainless steel or epoxy coated carbon steel material. A surge tank is a type of reservoir that is used to regulate the flow of liquid in fluctuating pressure situations. Surge tanks mainly find applications in hydropower plants where the pressure of water must be maintained to ensure proper functioning of turbines and to minimise the hammering effect caused due to fluctuations in water flow. They are also used in oil & gas, chemical and water treatment plants. Surge tanks are designed to accommodate a wide range of pressure & volume and can easily neutralize the effect to avoid system failures and blowouts. Within the Chemical Industry, sur

Rubber Extruder Market size is expected to reach US$ 4,021.5 Million by 2032: FMI

The global  rubber extruder market  size is expected to reach  US$ 4,021.5 Million by 2032 . The rubber extruder market is growing rapidly. As per FMI analysts, the global rubber extruder market is estimated to be valued at  US$ 2,399.5 Million in 2022  and is projected to increase at a  CAGR of 5.3%  during the forecast period. Over the forecast period, the rubber extruder market is expected to gain traction due to its significant drivers, such as the introduction of new and novel rubber products. Several other factors are also expected to boost the demand for rubber extruders, such as the growing automotive manufacturing industry in emerging and developed regions and the growing consumer awareness about comfort is expected to gain traction in the overall industry of rubber extruders. Providing fuel-efficient and high-performance vehicles in the automotive industry is a key consumer demand that manufacturers are able to serve with innovative rubber products. Request A Sample PDF